Smartlink is developing a sustainable ecosystem of decentralized and scalable applications to bring the needed infrastructure to new economic paradigms.
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- How to Stake SMAK?
- Contract: KT1TwzD6zV3WeJ39ukuqxcfK2fJCnhvrdN1X
- Type: FA1.2
- Decimal: 3
- Flexible Staking
- Lock-Up Staking
- How much can I earn Staking SMAK?
- Any risks to Staking SMAK?
View our detailed Step-by-Step Tutorial on Staking SMAK here.
You can stake SMAK by moving your tokens into a wallet that supports staking such as Temple Wallet or Kukai Wallet. In our example, we will be using the Temple Wallet. You’ll then want to head on over to the Smartlink Staking Dashboard to begin interacting with the Staking Smart Contracts.
When you stake your SMAK, you are interacting with a Tezos smart contract. The Smartlink (SMAK) token has the below specific details:
When staking your SMAK, you have two options:
The current version of SMAK staking is funded from a portion of the available supply of SMAK tokens.
Flexible Staking: Users can enter and exit the staking contract freely with no lockup periods, earns a 20% APR on staking with this method.
Locked Staking: Users can enter the staking contract with a lock-up period of 90 days. The advantage is that users will get a higher APR for staking, with the downside being that their funds are locked for a long period of time. This option was available early in the project’s life cycle to help incentivize more SMAK being staked. User earns a 70% APR staking with this method.
The risks associated with staking SMAK are related to smart contract risks.
The Smartlink Staking Contracts have been audited by Pyratz Labs.
Also, be aware that the Lockup Staking Type will allow you to withdraw your principal stake early and without penalty but doing so will forgo any accrued staking rewards.
Since these contracts are built on Tezos, they are considered to be more secure than other platform’s contracts due to the ability to more easily formally verify the code.